Comments on: Wonder Why Food Prices Are Skyrocketing?

By: Charles D Quarles

Charles D Quarles — Sun, 06 Jul 2008 00:48:35 +0000

Gaius,
Lay off speculators. Every market participant is a speculator. This particular canard has marxism/anti-capitalism written all over it. Manic and Panic are part and parcel of every market. Nevertheless, when you’re selling, a speculator is buying (supplying liquidity and giving you a better price than otherwise and more timely to boot). And when you’re buying, a speculator is selling and again is supplying liquidity and giving you a better price than otherwise and more timely to boot.
Governments can induce manias and panics (as can the fear-mongering drive-by media) deliberately in order to acquire power. Do not fall for the pea under the middle shell, watch the politicians’ hands. There’s a good economic explanation over at Carpe Diem.
–"It never ceases to amaze me that people,especially leftist politicians, think that you can wave a magic wand and repeal the laws of physics, chemistry, and economics."

By: syn

syn — Sat, 05 Jul 2008 10:59:18 +0000

It is Congress and European governments that have driven this madness.
Come now, the people did not drive this madness?
Now why do you think it is that polticians and corporations are ‘Going Green’, the majority whined and screamed for atlernative energy so often and so loud they recevied all their demands; and with it, the high price of food.
This ‘biofuel’ push is no different than was the billion mercury light bulbs in America push…the stupid people demanded so governments obliged.
Stop behaving like children, we screwed ourselves with stupid dem bulbs..

By: Quilly Mammoth

Quilly Mammoth — Fri, 04 Jul 2008 18:57:17 +0000

It’s going to get worse. Kansas, Texas and Oklahoma will not get the bumper crops this year that they have in the past several years to mitigate the strain on feed supplies. Too cold and too wet. Right now cattlemen and pig farmers are slowly selling down their herds. Expect _huge_ leaps next year in beef and pork prices. Not surprisingly it is the states which do not produce grain that are leading the way to non-food ethanol production. For example Georgia has promoted the building of plants which use a wide variety of stock…unfit peaches, pine chippings and so forth…that will soon produce about 215 million gallons of bio-fuel with little of it coming from corn.Whenever the federal government gets into supply it screws things up. There are millions of acres of land that simply aren’t suitable for grain production but are perfect for non-food crops that can be used in bio-fuel. They aren’t being used because there is no government incentive to do so.

By: lynndh

lynndh — Fri, 04 Jul 2008 15:24:02 +0000

Last year in a vacation in France (wait, don’t laugh – we spent a very moving day at the Normandy beaches) we noticed field after field of Rape Seed (canola to you). NO food crops. And the same thing was happening in England too. Here it is corn. What can one say to such stupidity.

By: Ted Goldman

Ted Goldman — Fri, 04 Jul 2008 14:37:01 +0000

Americans are getting the type of foolish elected representatives they deserve. People of character, statesmanship, and common sense will not permit themselves to be subjected to the dehumanizing and degrading electoral process. Who can blame them? We are then left with….
What has God wrought for this great nation?